How I saved $6000 by switching home loans
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- čas přidán 24. 07. 2024
- It really is possible to save $6000 on your home loan in just 4 hours? Refinancing your home loan to get a better interest rate is one of the easiest ways to save a lot of money - but just how difficult and time-consuming is it? And how much can you save?
Finder’s Editor at large Kate Browne walks you through her own refinancing journey and shows you exactly what to say and what to do. Follow her as she approaches her current lender for a better rate, and how she shops around for another bank to get a new mortgage, how much paperwork and time it takes and most importantly how much she saves and how long it takes.
⏩ Skip to the good stuff:
0:00 Intro
1:54 Why a low interest rate is important
2:13 Refinancing is like getting free money
3:30 The difference between fixed rate loans and variable rate loans
6:10 how to split your loan between fixed and variable
7:34 How to pay out your home loan faster
9:47 Comparing home loans
10:36 What is cashback?
11:59 What you need to apply for a new loan
13:39 Credit scores and careful spending
16:00 How long it takes to refinance
16:19 How much money did I save
Compare home loans:
www.finder.com.au/home-loans
Types of home loans (including fixed or variable):
www.finder.com.au/home-loan-t...
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Great content, clearly explained. A highly underrated channel.